M&A Deal Summary

ADDMAN Engineering Acquires Domaille Engineering

On December 3, 2021, ADDMAN Engineering acquired manufacturer Domaille Engineering from Thompson Street Capital Partners, Onward Capital, ORIX Private Equity Solutions and NewSpring Capital

Acquisition Highlights
  • This is ADDMAN Engineering’s 2nd transaction in the Manufacturing sector.
  • This is ADDMAN Engineering’s 2nd transaction in the United States.
  • This is ADDMAN Engineering’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2021-12-03
Target Domaille Engineering
Sector Manufacturing
Buyer(s) ADDMAN Engineering
Sellers(s) Thompson Street Capital Partners
Onward Capital
ORIX Private Equity Solutions
NewSpring Capital
Deal Type Add-on Acquisition

Target

Domaille Engineering

Rochester, Minnesota, United States
Domaille Engineering is a provider of polishing machines and fixtures, inspection equipment and associated engineered products for the rapidly growing fiber-optic cable market. The Company also engineers and manufactures complex, mission-critical products for the defense, aerospace, national security, telecommunications, energy and medical sectors. Domaille Engineering was founded in 1990 and is based in Rochester, Minnesota.

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Buyer(S) 1

Buyer

ADDMAN Engineering

Bonita Springs, Florida, United States
Category Company
Sector Engineering
Employees278
Revenue 60M USD (2021)
DESCRIPTION

ADDMAN Engineering is an AM solution provider. Combining the expertise and knowledge of our 20+ mid-size manufacturing companies, we use Additive Manufacturing and advanced technologies to enable customers to have breakthroughs in product development and manufacturing.

DEAL STATS #
Overall 2 of 4
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 2 of 4
State (Minnesota) 1 of 1
Country (United States) 2 of 4
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-13 3rd Dimension

Westfield, Indiana, United States

3rd Dimension operates industrial 3D printing that provides its customers with end-to-end manufacturing capabilities focused on metal additive manufacturing. 3rd Dimension was founded in 2013 and is based in Westfield, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-03 Castheon

Thousand Oaks, California, United States

Castheonn is a provider of additive manufacturing technologies for mission-critical space applications. Castheon has deep expertise in metals printing and has developed processes that promise to meaningfully expand the use of traditionally difficult to manufacture refractory metals. Castheon was founded in 2016 and is based in Thousand Oaks, California.

Buy -

Seller(S) 4

SELLER

Thompson Street Capital Partners

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Thompson Street Capital Partners is a private equity firm that targets control stakes in profitable, mid-sized North American companies with $5 to $20 million of EBITDA. Thompson Street looks for family businesses, private companies seeking liquidity, corporate divestitures, and public companies going private. Areas of interest include healthcare services, business services, electronics, information technology, and engineered products companies. Thompson Street will not consider investments in start-ups, early stage companies, or real estate. Thompson Street Capital was founded in 2000 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 38 of 47
Sector (Manufacturing) 3 of 3
Type (Add-on Acquisition) 19 of 24
State (Minnesota) 4 of 4
Country (United States) 38 of 47
Year (2021) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Revenue Management Solutions

Oklahoma City, Oklahoma, United States

Revenue Management Solutions is a provider of processes that facilitate the timely matching, posting and reconciliation of health care payments to underlying claims or other correspondence. Revenue Management Solutions was founded in 2006 and is based in Oklahoma City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 Alpaca Audiology

Springfield, Missouri, United States

Alpaca Audiology is an audiology negotiating network designed to protect the profession and future of Audiology. The company was formed with the belief that clinics and their respective patients would benefit from collective purchasing power. By uniting, members of Alpaca have created the ability to obtain bottom line pricing while maintaining personal and professional integrity. Alpaca Audiology was founded in 2011 and is based in Springfield, Missouri.

Sell $310M
SELLER

Onward Capital

Investor Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

Onward Capital is a private equity firm focused on investing in and growing lower middle-market companies. Target transaction situations include buyouts, recapitalizations, divestitures, and partnering with family/founder-owned companies. Onward seeks control situations but will consider select minority investments. Sectors of interest include industrial manufacturing, distribution, and services with a particular interest in packaging, wire & cable, and industrial technology. Target companies typically have $3 to $10 million of EBITDA and $15 to $100 million of revenue. Onward Capital was formed in 2015 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-10 FSC Lighting

Rancho Cucamonga, California, United States

FSC Lighting is an energy-efficient lighting manufacturer for industrial, commercial, and retail clients across the country. FSC provides lighting solution resulting in substantial cost savings and improving the visual appeal of merchandise to give an exceptionally improved shopper experience. FSC Lighting was founded in 1969 and is based in Rancho Cucamonga, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-31 Century Drill & Tool

Green Bay, Wisconsin, United States

Century Drill & Tool is a supplier of branded power tool accessories and hand tools for contractors, trades professionals, and DIY users across multiple retail segments. Century Drill & Tool is based in Green Bay, Wisconsin.

Buy -
SELLER

ORIX Private Equity Solutions

Investor

Category Mezzanine Finance Firm
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ORIX Mezzanine & Private Equity is the direct investment arm of asset manager ORIX. ORIX Mezzanine & Private Equity looks to invest $10 to $20 million to support buyouts, acquisitions, growth capital needs, and sponsored led transactions of profitable (greater than $5 million of EBITDA) companies throughout North America. ORIX will consider a variety of investment structures, including subordinated and convertible debt to common, preferred and convertible preferred equity. ORIX Mezzanine & Private Equity is headquartered in Dallas, Texas.

DEAL STATS #
Overall 18 of 21
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 11 of 12
State (Minnesota) 2 of 2
Country (United States) 16 of 19
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 L&S Mechanical

Richardson, Texas, United States

L&S Mechanical is a provider of new home construction services in the plumbing and electrical industries. L&S Mechanical serves large production homebuilders in Dallas / Fort Worth, Houston, San Antonio, and Austin through its five production warehouses. L&S Mechanical was founded in 1985 and is based in Richardson, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-26 Midwest Medical Transport

Omaha, Nebraska, United States

Midwest Medical Transport (MMT) is a private interfacility ambulance service company involved in serving Nebraska and surrounding states through full-service locations with a fleet of advanced life support ambulances, state-of-the-art medical helicopters, and wheelchair transfer vans. Midwest Medical Transport was founded in 1987 and is based in Omaha, Nebraska.

Sell -
SELLER

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.

DEAL STATS #
Overall 75 of 86
Sector (Manufacturing) 6 of 6
Type (Add-on Acquisition) 42 of 48
State (Minnesota) 2 of 2
Country (United States) 74 of 85
Year (2021) 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Innovid

New York, New York, United States

Innovid is a video platform, that empowers advertisers to create, deliver, and measure the most innovative video experiences on any device and media outlet, while increasing scale, efficacy, and ROI. Innovid was founded in 2007 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 Boston Valley

Orchard Park, New York, United States

Boston Valley is a manufacturer of Architectural Terra Cotta include architectural terra cotta, historical restoration, roof tile, and TerraClad rain screen systems. The company contributes to the successful preservation of some of the most architecturally significant buildings in the world, fabricating ornate terra cotta blocks, cornices, and statuary in order to faithfully replicate worn or damaged components. Boston Valley was founded in 1889 and is based in Orchard Park, New York.

Buy -
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